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“We’re Number 2!” — America Falls Behind Asia in Millionaires

Written by Gary North on December 10, 2012

How many millionaires are in North America? Go on. Guess.

Now guess how many millionaires there are in Asia.

Asia is ahead of North America. This includes Canada.

Millionaire wealth in the United States and Canada in 2011 fell 2.3 percent to $11.4 trillion – still the wealthiest region by this measure – though it had 1.1 percent fewer millionaires, slipping by about 39,000 to a total of 3.35 million.

Strong economic growth in China and other markets increased the ranks of millionaires across the Asia-Pacific region by 1.6 percent to a total of 3.37 million, as Asia vaulted past North America as home to the most millionaires.

Continue Reading on www.reuters.com

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6 thoughts on ““We’re Number 2!” — America Falls Behind Asia in Millionaires

  1. So what you're saying is that the ultra-rich billionaires in the US have not only been absorbing the middle-class mediocre wealth, but now they're devouring the wealth of millionaires? When will the destruction of the less-wealthy end?

    • Texas Chris says:

      I think you miss the point.

      "Billionaires" aren't causing this. Government intervention in the market is causing EVERYONE to lose ground.

  2. Millionaires who value THEIR earnings are leaving and going elsewhere. I guess they are tired of supporting the lazy bums in this country.

  3. Jim McClarin says:

    Care to add Mexico? It's North America too. World's wealthiest man is a Mexican.

  4. WOW!!! another success story for the obama regime. His fiscal policy is working to the "T". Next totally destroy the "middle" class, also known as the rich. Keep watch and bet on what date the USA will be classified as a Third world country. Watch old movies to learn how to act in the food lines, care for hungry children, and try to keep warm with no heat, it is called being prepared.

  5. "Asia is ahead of North America. This includes Canada."

    Brilliant observation, Gary! When the Good Lord said, "Come forth for Brains!", did you come fifth?

    Read more: http://teapartyeconomist.com/2012/12/10/were-numb

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